Texas Bankruptcy Laws

Peoria to get new retail hub (Reg Req'd)  Erica Sagon The Arizona Republic May. 12, 2005 12:00 AM Retail has lagged home construction in the northwest Valley, but developers of a new shopping hub in an underserved and


Jury awards no damages in insulation suit  A Johnson County jury failed to award an Oxford woman damages from a lawsuit she filed claiming debris from an insulation project in her home made her family sick.read more...


Existing home sales hit record in '05 despite Dec. dip  WASHINGTON - Sales of existing homes set a record for a fifth straight year in 2005 even though the year ended on a weaker note with three straight monthly declines,


An Alarm System For Inaccurate Credit Scores   When you're quoted a higher interest rate than you deserve because of information in your credit file, wouldn't you appreciate it if someone red-flagged it for you? read more...


German banks ask for government help  More German banks have lined up for the government rescue. They are Landesbanks, which have powerful non-government shareholders and have been among institutions hit hardest in the past year by


Stewart earnings rise (Reg Req'd)  Real estate information co. reports $31.8 million in Q3 profits Friday, October 28, 2005 Inman News Stewart Information Services Corp .read more...

September 19th, 2007

Housing Slump May Produce a Recession

“The risk of recession is elevated but the most likely scenario at this point seems to be continued economic growth”

An economist who has long predicted this decade’s housing market bubble would deflate said the residential real estate downturn could spiral into ‘the most severe since the Great Depression’ and could lead to a recession.

Yale University economist Robert Shiller’s written comments to lawmakers came a day after the Federal Reserve responded to credit market turmoil by slashing the target federal funds rate by a half point to 4.75 percent.

Shiller, in testimony prepared for a hearing of the Joint Economic Committee said the loss of a boom mentality among the public may bring on a drop in consumer confidence that poses a ‘significant risk’ of a recession within the next year. Read more



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